The software for Invoice processing

Invoices play a crucial role in numerous business processes, yet their diverse formats and varying vendor styles often make manual data extraction a time-consuming and error-prone task, even if you’re using an OCR solution. IDPs not only streamline this process but also transform these documents into structured data.

Extract and verify all essential invoice fields

Vendor name

Invoice number

Invoice date

Due date

Tax rates and amounts

Line item details

Total amount due

...

Why choosing IDP over Standard OCRs

Accuracy Rate

Technology

Document Processing Time

(+1,000 documents)

Proccess Automation

API Integration

Advanced Data Extraction

Self Learning System

Real-time suggestions

+99.92%

OCR + AI + Machine Learning

Under 30 seconds

End-to-end workflow automation

OCR

60% to 85%

OCR

Up to 2:30

Limited

How do we achieve the excellence?

Extracting high-quality data from documents is crucial, but sometimes basic extraction methods fall short. This is where Invofox comes in as a super-hero to scale up the data verification. The platform automates document processing by combining high-performing AI models, detecting fields further than just parsing documents, and knocking out any regular OCR.

Advanced Processing Solution

Programmatic Rules allow you to go beyond basic extraction capabilities. Define custom rules based on the specific format and structure of your documents. This ensures you capture the exact data points you need, minimizing errors and inconsistencies.

Handling Edge Cases & Complexities

Real-world documents often come with variations and inconsistencies. Define specific logic to understand and process missing fields, variations in formatting, or unexpected data patterns.

Boosting Data Quality Metrics

We significantly improve data quality metrics like precision (extracting only relevant data) and recall (capturing all relevant data). This translates to cleaner, more reliable data sets for your product.

Unlocking Granular Control

Gain complete control over your data extraction process. Define custom logic for exclusive scenarios, ensuring you capture the information that matters most.

Extract

Invoice

Data with AI